value of my 1940 pickup

[Krup320]

I have a relative interested in buying my 1940 ford pickup. It’s been in storage since the mid 60’s. The truck is missing the grill and hood trim and one headlight bezel. Front and rear glass need to be replaced. Front and rear cab corners are rusted. Frame was sand blasted and painted before storage. Pretty much all original parts, brakes, rea rend, front end, minus some of the nuts and bolts. Clean title. He doesn’t want to purchase the flat head or transmission. Located in southern Minnesota. What would be a fair value? I'm not looking for offers at this time. Thanks for the Help

[Zax40]

"He doesn’t want to purchase the flat head or transmission"

If he is planning on putting a modern motor and transmission in it you should charge him double what it's worth.

Max I would personally pay for that is $3200. Getting it back on the road will be a massive project.

[Kube]

Originally Posted by Krup320

I have a relative interested in buying my 1940 ford pickup. It’s been in storage since the mid 60’s. The truck is missing the grill and hood trim and one headlight bezel. Front and rear glass need to be replaced. Front and rear cab corners are rusted. Frame was sand blasted and painted before storage. Pretty much all original parts, brakes, rea rend, front end, minus some of the nuts and bolts. Clean title. He doesn’t want to purchase the flat head or transmission. Located in southern Minnesota. What would be a fair value? I'm not looking for offers at this time. Thanks for the Help

Do you have the correct rear fenders? If so, and they are repairable, that truck is worth a lot more than $3200.
How is the bed?

[Bored&Stroked]

Originally Posted by Kube

Do you have the correct rear fenders? If so, and they are repairable, that truck is worth a lot more than $3200.
How is the bed?

The reason he brings up the rear fenders is that ones that we can see in the picture are not 40 Ford pickup fenders.

Also, I cannot tell what year the bed is off of either. Does it have a tailgate? If so, show more pictures of the bed and the tailgate.

[Krup320]

I added a partial picture of the tail gate, the running board is covering half of it. Thanks

[Krup320]

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This is a picture of the truck in 1955

[ThirstyThirty]

Originally Posted by Krup320

This is a picture of the truck in 1955

well, that then clears it up for me! wasn't sure if 55 or 56 Ford sedan? neighbor down the street has one. 56. yellow post with a 'reported' 25,000 or so original miles on it!

did i miss the part on who is interested? family or just a friend?

main reason to post here, sure do like that lil cabin! fireplace, front porch, quaint, etc... reminds me much of the 'wilderness cabin' restoration project i am doing up at the ranch. and just mite go well as a comment to this post... early 40's homeplace! about '42 i peg it...

thanks for the pix, etc. enjoyed seeing the old truck! looks like it was a prized possession in 1955!

family?: -0- to $2500, young, terms ok!
other: whatever the market will bear!!

[Krup320]

The car is a 1956. That picture was taken in California before they brought the truck to Minnesota.

[Krup320]

My uncle and Dad owned the truck and there both deceased. I was always told it was a 40 and the cab card showed it as a 40 and now its titled as a 40. I put some better pictures of the fenders on the post. Thanks for your help, The only rust is all four cab corners.

[Seth Swoboda]

There was a 1940 Ford pickup on BAT auctions that just ended. It was a no sale at $16,000 high bid.

[Hitman]

Originally Posted by Seth Swoboda

There was a 1940 Ford pickup on BAT auctions that just ended. It was a no sale at $16,000 high bid.

Yeah, but that was a running, driving, and from appearances, a complete truck. That truck doesn't compare to this one.

I think, based on the pictures, even if it had the correct rear fenders, this truck discussed in this thread is probably closer to the $3200 amount mentioned, without the engine or trans being included. It's missing a lot based on the pictures, and if the nuts, bolts, running board, brackets, handles, trim and other pieces are there, then the value goes up accordingly.

The pictures help, but a lot is missing.

[Brendan]

Originally Posted by Seth Swoboda

There was a 1940 Ford pickup on BAT auctions that just ended. It was a no sale at $16,000 high bid.

but was it one piece?

[Seth Swoboda]

Originally Posted by Brendan

but was it one piece?

Yes it is a complete running and driving truck. I was just posting that as an FYI lots of pre-war auction lots on there are not meeting reserve. Pickup trucks are hot right now and I'll go further to say that they are in more demand than some passenger cars models. People like a good old pickup. They don't care as much about pre war sedans, and even some coupes.

[Hitman]

Originally Posted by Seth Swoboda

Yes it is a complete running and driving truck. I was just posting that as an FYI lots of pre-war auction lots on there are not meeting reserve. Pickup trucks are hot right now and I'll go further to say that they are in more demand than some passenger cars models. People like a good old pickup. They don't care as much about pre war sedans, and even some coupes.

The truck you're referring to wasn't bad, but it was fairly valued right at $16k, if you left the truck as is and drove it like that. I would. Also note a dealer was selling that particular truck, so they care more about the profit margin than a private seller.

Pickups aren't as hot as they were a couple of years ago. Regional locations play a lot into things, including the value. Out here on the west coast, coupes and roadsters bring good money, more than pickups. Shipping that truck across the country would be $2000-2500. Also, for the truck in this thread, restoration costs are expensive, plating, paint, flathead rebuilds, etc.

That green 41 on BaT right now is nice, but I bet it will only get into the mid $30k range. The restoration costs on that exceed the sale price.

[mrtexas]

Its a pile of parts not a truck. Give it to him.

[Seth Swoboda]

Originally Posted by mrtexas

Its a pile of parts not a truck. Give it to him.

Now that's an idea. Convince him to keep the flathead and original driveline. Give it to him, help him and maybe we'll have a young person interested for life?

[ford38v8]

No engine, no tranny, he won’t want the diff or the suspension, and then he wants disc brakes. Maybe he just wants to fill his swap meet spot with parts. Make him a lowball price with no conditions attached, get it outta your hair and make both if you happy.

[Kube]

The rear fenders are NOT 1940. Sadly (for you) the correct rear fenders are rare and as such, expensive.
Still, lots of good pieces there. If you parted this out, there's more than $3200 in parts... easy.

[Hitman]

Originally Posted by Kube

If you parted this out, there's more than $3200 in parts... easy.

Cars are always worth more parted out. I agree, there's more than $3200 in parts if you have the space and time to sell things individually.

As a "complete truck", based on the pictures, it's in the $3200 range.

Four new tires, $1000. New glass, rubber, window channels, $1000. It continues from there.

The only advantage a truck has for restoration costs, it has the simplest interiors, so you're not at a disadvantage for lack of interior kits like you are for Fordor's, Coupes, Roadsters, etc.

[signsup]

IMO, having gone through this process several times, on both ends of the stick, is that neither party will be happy. If the buyer makes it a rock crawler and every time you see it it makes you think your father and uncle will roll over in their grave, then don't sell it to him. If the buyer wants a project truck and wants to pick and choose what parts he wants and will soon tire or be upside down in it, then he will always hold it against you.
Either give it to him and never bring it up again, or give him a price that he will not accept and move it on to someone who will appreciate it as your father and uncle did. But I do not recall where an estate type transaction worked out "win/win". It has the potential to be "lose/lose" and it will possibly cause family issues. JMO.